1500 Newlands Ave, Unit Burlingame Burlingame, CA 94010
20-unit apartment building with renovation upside, near Burlingame Avenue.
Property size:
25 SFProperty Features for 1500 Newlands Ave
General Information
- Size
- 25 SF
Building Details
- Year built
- 1967
Source:
Cbcworldwide
Listing Agent: Steven Caravelli
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Elevatored Apartment Building Near Burlingame Avenue
The property at 1500 Newlands Avenue is a 20-unit apartment building with elevator access. It includes secured parking for 24 cars and 21 storage lockers. The unit mix consists of six two-bedroom, one-bathroom units and fourteen one-bedroom, one-bathroom units, each featuring a private patio or balcony. The current owner has renovated 17 of the 20 units, demonstrating a clear plan for rental upside upon turnover. Renovated units include an in-unit washer/dryer, hardwood flooring, and recessed lighting. The kitchens in these units feature modern stainless steel appliances, granite countertops, tile backsplash, and shaker cabinetry. The bathrooms have sleek tiling with high-end shower heads and faucets. Recent building improvements include new exterior and interior painting, new water-efficient landscaping, a new sewer main, and a security camera system. This property is located in a low-density area, on a prominent corner, three blocks from Burlingame Avenue.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Burlingame
- County
- San Mateo
- State
- California
- Longitude
- -122.346895
- Latitude
- 37.575312
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FAQs
What type of property is this?
Apartment building - 20-unit apartment building with renovation upside, near Burlingame Avenue.
Where is this apartment building located?
The property is located at 1500 Newlands Ave, Unit Burlingame Burlingame, CA.
What is the asking price?
The asking price for this property is $11,750,000.
What are key features of this property?
This property features: - Elevatored 20-unit apartment building in an A+ location, just 3 blocks from Burlingame Avenue.; - Value-add opportunity with 17 of 20 units already renovated, demonstrating a clear plan for rental upside.; - Renovated units feature in-unit washer/dryers, hardwood flooring, stainless steel appliances, granite countertops, and updated bathrooms.